Tag:
Capital Infusion
Latest Headlines
Latest Headlines
Morgan Stanley finding leads to Fannie, Freddie drama
Morgan Stanley was the low bidder in the Treasury's auction to find a top Wall Street adviser on GSE-related issues. It ended up making a stunning discovery: Freddie Mac's capital position was worse than initially thought, reports the New York Times . The GSE made decisions that were legal, but
Lehman Brothers to lay off 1,500
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think that all business lines will be affected, including bankers and traders. The news guarantees that
